INSURANCE ALLIANCE OF MICHIGAN (EIN 611443133) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

ERIN MCDONOUGH

Phone

5173712880

Tax Period

2024-01-01 to 2024-12-31

INSURANCE ALLIANCE OF MICHIGAN, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

REPRESENTING PROPERTY AND CASUALTY INSURANCE COMPANIES THAT DO BUSINESS IN MICHIGAN ON MATTERS OF LEGISLATIVE AND REGULATORY CONCERN.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,167,490

Program Service Revenue $614,721

Investment Income $22,792

Other Revenue $41,014

TOTAL REVENUE $1,846,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $631,520

Fundraising Expenses $0

Other Expenses $1,233,457

TOTAL EXPENSES $1,864,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,846,017	$1,386,806	+0.3%
Expenses	$1,864,977	$1,452,602	+0.3%
Net Income	$-18,960	$-65,796	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$243,339

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN MCDONOUGH	EXECUTIVE DI	40.00	Officer	$225,205	$18,134	$243,339
JESS ALANIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
AUSTIN BAILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE CHAPMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM CLEMENT	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS CLEVELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
SPENCER COOK	BOARD MEMBER	1.00	Director	$0	$0	$0
GEOFF DOWNER	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER DRAKE	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY DRUMM	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA DWORAKOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
TRAVIS EMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE EVERETT	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK FIATO	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN FOWLE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANASTASIA GALE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE HAAS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM HALLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN HARDWICK	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY GENTRY HARNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER CHARLES JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN KARLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW LAING	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL LARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN LEONARD	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACK MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY MASS	BOARD MEMBER	1.00	Director	$0	$0	$0
LANCE MAYBERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
ART MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEE MULLENBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC MUSSER	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY OTT	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK PETCOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
KENDRA PRENZLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL PUERNER	BOARD MEMBER	1.00	Director	$0	$0	$0
SOPHIA QUACKENBUSH	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE REYNOLDS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEENA ROSSIGNOL	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON RUDIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK SCHLOEMER	BOARD MEMBER	1.00	Director	$0	$0	$0
REMI STONE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE TERMINI	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA VEENSTRA	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS WANK	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA KUHN WHEELER	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,846,017	$1,864,977	$661,428	$-18,960
2023	$1,386,806	$1,452,602	$737,144	$-65,796
2022	$2,187,753	$2,282,865	$700,168	$-95,112
2021	$1,674,081	$1,700,613	$919,636	$-26,532
2020	$1,171,685	$1,117,692	$798,018	$53,993
2019	$1,175,522	$1,011,647	$779,781	$163,875
2018	$1,149,509	$1,243,754	$573,028	$-94,245
2018	$1,149,509	$1,243,754	$573,028	$-94,245

INSURANCE ALLIANCE OF MICHIGAN